Justice Department approves $69 billion CVS-Aetna merger

Published



The Justice Department has approved a mega-merger between CVS pharmacy chain and insurance giant Aetna, but the companies have to divest their prescription drug business on Medicare to complete the transaction.

The department announced the decision on Wednesday. Previously, a major concern on the part of the Justice Department was how the merger will affect competition in Medicare Part D, the program’s prescription drug plan.

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